ST LOUIS (AP) — Monsanto Co. (MON) on Wednesday reported a loss of $191 million in its fiscal fourth quarter.
On a per-share basis, the St. Louis-based company said it had a loss of 44 cents. Earnings, adjusted for one-time gains and costs, were 7 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The agriculture products company posted revenue of $2.56 billion in the period.
Monsanto expects full-year earnings in the range of $4.50 to $4.90 per share.
Monsanto shares have climbed roughly 4 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 5 percent. The stock has increased 16 percent in the last 12 months.